SWEDISH BANK Swedbank has had its website taken offline by hackers after suffering a distributed denial of service (DDoS) attack on Friday.
Details remain thin on the ground, but the attack means that customers are unable to to carry out online transactions or contact the bank through its website.
The site is still down, and the bank admitted to CBR that, while it probably knows who is behind the attack, "our method to cope with it hasn't really succeeded yet".
There's no word as to when the website will be back up and running, but the bank has confirmed that its mobile applications are still working.
This isn't the first time that Swedbank has fallen victim to hackers. The company admitted in a statement given to Reuters that this was the second attack in as many months, and - clearly not very confident in its own security - that it will probably happen again.
"The website was also hit by a hacker attack in October. It is not the first time and it will probably not be the last," a spokesperson said.
News of the attack on Swedbank, which also operates in Estonia, Latvia and Lithuania, comes just hours after encrypted email company ProtonMail admitted that it had also been struck by a major DDoS attack.
ProtonMail said that, in a bid to get back to business, the company "grudgingly agreed" to pay 15 bitcoins, or $6,000, to the hackers in a bid to get them to stop the attack.
However, after handing over the cash, ProtonMail said that the DDoS attack, which was "unprecedented in size and scope", continued, although it appears to have now stopped.
ProtonMail warned that the costs involved in avoiding another such attack are crippling and could put the firm out of business. µ
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